Business News of Thursday, 6 February 2020Source: laudbusiness.comGovt AfDB sign US$81.67 loan for Eastern CorridorFile photoThe Government of Ghana has signed US$81.67 million loan with the African Development Bank (AfDB) for the construction of the Eastern Corridor roads. The facility will co-finance sections of the 695-kilometer Eastern Corridor road linking Accra to the Sahel region. The 695-kilometre corridor project is meant to link Accra with the northern hinterland by avoiding the long known central corridor. This was made known at an official signing ceremony between the Government of Ghana and management of AfDB as well as OPEC. The loan will be re-payed in 25 years but there is a grace period of five years.

Source: GhanaWeb February 06, 2020 14:15 UTC